December 2016


New catalogue ready for Savills December regional auction

New catalogue ready for Savills December regional auction

09 December 2016

Lot 13, The Willows Medical Centre on Church Street in Carlton, Nottingham. An opportunity to acquire the freehold of a former medical centre in a prominent position opposite a Tesco Superstore. The property is guided at £225,000 – £250,000.

 
 
Whitbread appoints Savills for going concerns acquisition drive

Whitbread appoints Savills for going concerns acquisition drive

09 December 2016

Whitbread has appointed international real estate advisor Savills as its acquisition agent as part of plans to purchase trading hotels across the UK for conversion into its Premier Inn brand.  The UK’s favourite hotel company* is aiming to complement organic growth with a sustainable pipeline of hotel rooms through this method of acquisition.  The search will encompass all areas of the UK and is specifically focussed on assets with a minimum of 80 rooms, with good accessibility and of modern construction.

 
 
2017 set to be a record year for extended stay stock expansion

2017 set to be a record year for extended stay stock expansion

09 December 2016

2017 will see record levels of stock expansion for the extended stay market according to new research from international real estate advisor Savills, with the firm forecasting that over 2,600 units will be delivered over the year, a 13.8% increase on 2016 stock levels.

 
 
Funding secured for £11 million redevelopment of Bakers Quay, Gloucester Docks

Funding secured for £11 million redevelopment of Bakers Quay, Gloucester Docks

08 December 2016

Rokeby Developments and Merchant Place Developments, jointly represented by Savills and JLL, have secured an £11.326 million forward funding from a private client advised by Kimmre for the first phase of redevelopment at Bakers Quay in Gloucester Docks. The prime leisure scheme is fully pre-let to national tenants Premier Inn, Brewers Fayre and Costa Coffee. 

 
 
Record volume of UK institutional sales sees London's West End hot to shop

Record volume of UK institutional sales sees London's West End hot to shop

08 December 2016

According to Savills, UK institutional sales in London’s West End in 2016 year to date have topped £2.7 billion, the greatest volume ever recorded, with total year end figures expected to rise to £3.0 billion. Prior to this, Savills says the greatest activity by UK institutional vendors in the West End market was in 2013 which saw £2.3 billion sales by year end.

 
 
Handmade furniture retailer Neptune embarks on London expansion

Handmade furniture retailer Neptune embarks on London expansion

08 December 2016

Handmade furniture specialist Neptune has instructed international real estate advisor Savills to acquire at least five new stores in London as part of the brand’s ongoing expansion in the capital. 

 
 
Manchester's National House is simple for online marketing firm

Manchester's National House is simple for online marketing firm

08 December 2016

DTZi, represented jointly by Savills and Edwards & Co, has let office space at National House, 36 St Ann Street in Manchester city centre to Simple Solutions.

 
 
The Works' distribution centre sold to Royal London for £22.32 million

The Works' distribution centre sold to Royal London for £22.32 million

08 December 2016

Corporate Pension Fund clients of Savills Investment Management, represented by Savills, have sold The Works’ national distribution centre on Hams Hall Industrial Park, Birmingham to Royal London for £22.32 million, representing a net initial yield of 4.85%.

 
 
'A careful balance of risk and return': What does 2017 hold for the UK real estate investment market?

'A careful balance of risk and return': What does 2017 hold for the UK real estate investment market?

06 December 2016

The unexpected political events of 2016 will lead to a rise in caution and risk aversion among real estate investors in 2017, making secure income streams more highly prized among core investors globally. This is expected to benefit the UK market, where high levels of transparency and stable legal structures make real estate a safety play, says Savills.

 
 
B & M shops for new store at Snipe Retail Park, Ashton-under-Lyne

B & M shops for new store at Snipe Retail Park, Ashton-under-Lyne

06 December 2016

Aberdeen Asset Management, represented by international real estate advisor Savills, has let a unit at Snipe Retail Park in Ashton-under-Lyne, Tameside to B&M.

 
 

Key Contacts

Liz Williams-Bew

Liz Williams-Bew

Director
Commercial Marketing & Press

Savills Margaret Street

+44 (0) 20 7409 8140

 

Jamie Jago

Jamie Jago

Director
Residential Press Office

Savills Margaret Street

+44 (0) 20 7016 3880